Main Entry: cap·i·tal·ism
Pronunciation: kap-t-l-iz-m, kap-tl-
Function: noun: an economic system in which resources and means of production are privately owned and prices, production, and the distribution of goods are determined mainly by competition in a free market - cap·i·tal·ist /-st/ or cap·i·tal·is·tic /kap-t-l-is-tik, kap-tl-/ adjective- cap·i·tal·is·ti·cal·ly /-ti-k(-)l/ adverb